Boosting Scotts Miracle-Gro Yield with Covered Call Strategy

Scotts Miracle-Gro Co shareholders can boost their income by selling the March 2026 covered call at $62.50, collecting a $2.50 premium that annualizes to a 14.4% rate of return. This would bring the total annualized rate to 19.1% in the scenario where the stock is not called away. If the stock rises to $62.50 and is called away, the shareholder would have earned a 14.9% return from the trading level.